๐บ๐ธ๐ Auto Tariffs Announced: President Trump has announced a 25% tariff on all cars not made in the U.S., effective April 2. This move is expected to impact the automotive industry and could influence market sentiment.
๐ฌ๐ง๐ UK Inflation Falls: UK inflation has decreased to 2.8% in February, down from 3% in January, raising speculation about a potential interest rate cut by the Bank of England in May. This development may have implications for global markets. โ
๐ Key Data Releases ๐ ๐ Thursday, March 27:
๐ Initial Jobless Claims (8:30 AM ET): Forecast: 226,000โ Previous: 223,000โ Indicates the number of individuals filing for unemployment benefits for the first time during the past week, offering insight into the labor market.โ
๐ Gross Domestic Product (GDP) โ Second Revision (8:30 AM ET): Forecast: 2.3% annualized growthโ Previous: 2.3%โ Provides a second estimate of the nation's economic growth for the fourth quarter of 2024.โ
๐ Pending Home Sales Index (10:00 AM ET): Forecast: 1.0%โ Previous: -4.6%โ Measures housing contract activity for existing single-family homes, offering insights into future home sales.โ
โ ๏ธ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.โ
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